canvas togler
Back to all news

Prologis Predicts Significant Drop in Warehouse Development



Prologis is predicting that U.S. warehouse development starts will drop to a 7-year low, as rent growth exceeds 10%.

Starts are already 30% below their peak in Europe and Prologis expects that to continue in the US. The warehouse property owner says the rapid rise in the cost of capital is the culprit and starts will fall by 60% to less than 175 million square feet in 2023.

Globest.com

Photo by Scott Evans on Unsplash


Join Our Email List


By submitting this form, you are consenting to receive marketing emails from: Kalmon Dolgin Affiliates, 101 Richardson Street, Brooklyn, NY, 11211, https://www.kalmondolgin.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact